The Top 5 Oracle Cloud Solutions for Modern Finance Leaders Presented by Perficient
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connecting senior-level financial executives since 1931 Today’s Webcast Presentation The Top 5 Oracle Cloud Solutions for Modern Finance Leaders Presented by Perficient October 14, 2020 will begin shortly … slide 1 www.financialexecutives.org | 877.359.1070 connecting senior-level financial executives since 1931 CPE Credits Today’s webinar is worth 1 Continuing Professional Education (CPE) credit. Please be sure to enable your media player to hear audio. To be eligible for CPE credit, you must: • Answer at least 3 of the 4 polling questions (during the webinar) and have a total viewing time of at least 50 minutes. • Participants will have the opportunity to download their CPE certificate immediately following the webinar if above requirements are met. • In accordance with the standards for the National Registry of CPE Sponsors, CPE credit will be granted based on a 50-minute hour. • We are unable to grant CPE credit in cases where technical difficulties disqualify eligibility. CPE Program Sponsorship guidelines prohibit us from issuing credit to those not verified by the technology to have satisfied the minimum requirements listed above. FEI provides professional development solutions for financial executives that take your learning path to the next level, with continuing professional education credit opportunities through webinars, in-person courses and conferences, as well as on demand learning. Learn more about upcoming coming opportunities and registration online today. www.financial executives.org/event slide 2 www.financialexecutives.org | 877.359.1070 PERFICIENT + ORACLE The Top 5 Oracle Cloud Solutions for Modern Finance Leaders Speakers Steven Bricker Matt Makowsky Matt Hopkins, CPA Priyakant Rami Myles Gilsenan Oracle Strategic Managing Senior Project Project Manager, Director, Oracle Manager, Oracle Account Director Director, Oracle Oracle EPM Analytics Practice EPM Practice Perficient ERP Practice Practice Perficient Perficient Perficient Perficient 4 Agenda About Perficient Operational Processes – Oracle ERP Cloud Close and Consolidations – Oracle EPM Cloud Financial Planning and Analysis Processes – Oracle EPM Cloud Master Data Management – Oracle EPM Cloud Analytics – Fusion ERP Analytics Q&A 5 AT- A - GLANCE Perficient Profile 35 $565M 1997 Global Locations 2019 Revenue Founded in ~4,500 ~90% PRFT Colleagues Repeat Business Rate Public, NASDAQ Global delivery Dedicated Alliance Multiple vendor & centers in China, solution partnerships with industry tech and India and Mexico practices major tech vendors growth awards 6 WE ARE Global in Our Delivery ~4500 Colleagues We have office locations across North America and fully owned global and domestic delivery centers around the world. North America Allentown, PA Ann Arbor, MI Fargo, ND Atlanta, GA Houston, TX Boston, MA Irvine, CA Bozeman, MT Lafayette, LA Cedar Rapids, IA Milwaukee, WI Charlotte, NC Minneapolis, MN Chicago, IL New York, NY Latin America Columbus, OH San Francisco, CA India Dallas, TX Seattle, WA Mexico City, Mexico Europe Denver, CO St. Louis, MO Medellin, Colombia Chennai, India China Detroit, MI Toronto, ON Bogota, Colombia Oxford, UK Nagpur, India Fairfax, VA Washington, D.C. Cali, Colombia Novi Sad, Serbia Bangalore, India Hangzhou, China 7 We deliver strategy and implementation for Solution Expertise on-premises, cloud, and hybrid solutions to meet your unique needs. We also offer post- implementation managed services. Faster time to value is what you can expect from our highly ERP SCM HCM EPM Analytics Training experienced and credentialed consultants. Industries We Serve Gartner • “It’s Time to Include Oracle as a Viable Option When • Healthcare Evaluating Public Cloud Providers” (Q3 2020) Years of Experience • “Toolkit: Vendor Identification for Oracle Application 18+ • Manufacturing Services” (Q2 2019) • Energy / Oil & Gas Forrester Specializations • Financial Services • “Now Tech: Oracle Apps Implementation Services Providers” (Q2 2020) 15+ • Consumer Markets • Automotive/ Oracle Training 3000+ Deployments Transportation 8 Top 5 Oracle Cloud Solutions for Finance Operational Close and Master Data FP&A Processes Analytics Processes Consolidations Management ERP CLOUD FINANCIAL ENTERPRISE DATA ENTERPRISE FUSION ERP CONSOLIDATION MANAGEMENT PLANNING ANALYTICS AND CLOSE Sub-Ledger Reconciliations Close Manager Enterprise Data Governance Financial Planning Data Visualization Inventory Costing Close Consolidations Change Data Visualization Custom Plan Type Scalable and Flexible Automated Accruals Eliminations Hierarchy Management Workforce Rapid Deployment Currency Overrides Rapid Deployment Capital & Projects Planning 9 #1 Operational Processes Oracle ERP Cloud Gartner Magic Quadrants – Oracle Named a Leader Oracle Corporation 11 Gartner Magic Quadrants – Oracle Named a Leader Gartner Magic Quadrant for Cloud Core • Oracle is blazing a trail, ahead of all of its Financial Management Suites for Midsize, competitors. Large and Global Enterprises (June 2020) • There is nobody with an end-to-end integrated platform that covers ERP, HCM, EPM, SCM, CX Gartner Magic Quadrant for Cloud ERP • End-user experience, security, real-time reporting & Product-Centric Enterprises (June 2020) integration capabilities are simply ahead of everyone • Oracle has 30 years of experience in ERP, has completely re-engineered the product based on thousands of customer business cases to represent modern best practices • The product is highly configurable, provides mobile capabilities across the entire platform, integrates with Oracle’s Platform as a Service (PaaS) 12 Best in Class – Security • Predefined job-based roles out-of-the-box • Advanced security controls pinpoint SOD violations and transactional fraud alerts • Easy to configure SSO that directly integrates with Microsoft AD – minutes to setup and test and remains synchronized • Real time security and audit reports triggered based on user-defined business events • Oracle “whitelisting" services can further protect your Oracle Corporation POD behind your own secure VPN 13 Best in Class – Fully Integrated • Essbase architecture - all financial reporting and inquiries • Maintain multiple reporting trees for different representations of your financial reporting • Automated allocations based on customer-defined algorithms leveraging existing trees created in Essbase • Accruals captured in real time, from all receiving activities and auto-reconciled daily with on-screen dashboards • Centralized and advanced costing capabilities • Integrates with Oracle EPM Suite • Real-time reconciliations of subledgers available on demand, on screen, with actionable drill downs • Reporting currency and secondary ledgers to support local Oracle Corporation authorities and different reporting presentations (IFRS vs. GAAP) • Eliminations, consolidation capabilities are embedded, with more advanced capabilities included in EPM Suite 14 Pre-Defined, Out-of-the-Box Actionable Dashboards (Infotiles) with Drill Down Capabilities 15 Actionable Role-Based Dashboards 16 Oracle Cloud Integrations ERP and EPM Integrations and Automation Integrations • Pre-built connectors for ERP Cloud including Sub-ledgers • Pre-built connector for HCM for employee level detail • On-premises sources using EPM Integration Agent • Pre-built EBS connector • Relational and file-based sources • Integrated Workforce, CapEx, Projects and Financial processes Automations • EPMAUTOMATE on all EPM solutions • REST API support for custom automations • Groovy support in planning processes 18 #2 Close and Consolidations Oracle EPM Cloud Gartner Magic Quadrant – Oracle Named a Leader Gartner Magic Quadrant for Cloud Financial Close Solutions (Oct. 2019) • Pre-built best practices • Global, Advanced Consolidation and Close • Intelligent Process Automation • Compliance and transparency • Comprehensive Tax Provision • Country-by-country reporting • Reconciliation compliance • Transaction matching 20 Financial Close Business Processes 1 2 3 4 Financial Tax Reporting Financial Close Account Reconciliations Consolidation Integrated metadata / Management Reconciliation Compliance Integrated metadata / data, automated Scheduled close steps, driven by custom data, provision, regional and facilitated by workflow, rules/profiles, automated and automated translations, national, country by and managed via facilitated with eliminations, ownership country reporting dashboards workflow. Robust transaction management, adjustment, matching capabilities analysis and reporting 21 How Financial Close Business Processes Can Help • Centralized or Decentralized Consolidation, Tax Reporting, Account Reconciliation and Close Processing using common metadata and data • Automation of key and routine processes data load, automated processing and error notification for scheduled times • Complete eliminations and processing of your data • Customizable workflow for routing of activities and approvals • Segregation of duties leveraging robust security that can allow any and all users to only see, or transact on, data they have access to • Scheduling and monitoring tools to manage the Close in real time • Integrated tax reporting for calculating regional and • Multiple reporting options including query, “formal reports” and dashboards 22 #3 Master Data Management Oracle EPM Cloud Master Data Management Enterprise Master Data ERP Cloud • Data governance • Subscription model Consolidations • Application-specific properties • Connector to ERP and EPM • Custom application for other targets Planning and Budgeting